Final Accounts of a Company

Subject: Principles of Accounting

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Lesson Info

  • Notes 2
  • Videos 0
  • Exercises 0
  • Practice Test 0
  • Skill Level Medium


Preparation of Company's Final Account and its adjustments.


Final Account of Company

A joint stock company is required to prepare its final accounts at the end of every financial year. The preparation of final accounts of a joint stock company includes the preparation of a set of accounts and statement at the end of a financial year. Every company should prepare final account as per theprovision made in thecompanies act under which they are incorporated. Learn More

Adjustment of Final Account

Adjustment for final account are those transactions which do not appear in a ledger account. It is the process of preparing final accounts helps to determine the actual amount of income and expenses as well as the historical value of assets. Learn More

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